Iraqi News Sunday AM 5-9-21
Iraqi News Sunday AM 5-9-21
TLM724 Administrator BondLady’s Corner
Barzani: We Passed A Difficult Year And Did Not Reach The Region's Share Of The Budget
Time: 05/09/2021 16:22:21 Read: 156 times Today, Sunday, May 9, 2021, the President of the Kurdistan Regional Government, Masrour Barzani, inaugurated the Jabal Zawa cable car project in Dohuk Governorate.
In a speech on the sidelines of the inauguration of the project, the Prime Minister said that the Jabal Zawa cable car will not only serve the people of Dohuk, but will benefit all citizens of Kurdistan and tourists in general.
He stressed that the government's work program is based on two goals, the first of which includes reform and the second is related to diversifying sources of income, indicating that every effort has been made to launch tourism, agricultural and industrial projects to double financial revenues in a manner that ensures that there is no dependence on one source of income.
The Prime Minister appreciated the role of the private sector companies that participated alongside the government in implementing the project, calling for more participation in government projects with the aim of strengthening the economic sector in the Kurdistan Region, and expressed his optimism that a promising future awaits the region.
He said, "We have embarked on the implementation of the reform program, and we will continue, with the help of God and the support and support of the citizens, despite the obstacles that have been set up to obstruct reform," and stressed, "No one can stand in our way in implementing real reform."
And he indicated that the Kurdistan Region has gone through a difficult year, especially after the outbreak of the Corona pandemic and the collapse of global oil prices, which created great economic problems that negatively affected the economic situation and the public life of citizens.
Turning to the file of financial dues, the Prime Minister said that the region's share of the federal budget has not yet arrived, and he hoped to send it soon.
The Prime Minister said: "The Iraqi government has not sent the Kurdistan Region’s share for 11 months, but we will continue implementing projects and will not stop and we will implement other strategic projects throughout the Kurdistan Region."
The Prime Minister expressed his confidence that the economic situation in Kurdistan will improve with the vigor and solidarity of his citizens and the support of the private sector. He also pointed out that security and political stability are important.
And he added, "While protecting political stability, it is imperative to preserve the security and stability of the Kurdistan Region, and we will do everything we can for that."
The Jabal Zawa cable car project is one of the largest tourism projects in Duhok, with a height of 500 meters and a length of 2,300 meters, with a total cost of $ 30 million.
Mount Zawa is a tourist area on the heights of Dohuk and enjoys stunning nature throughout the year, and is an important destination for tourists and citizens. LNK
More Than 96 Tons Of Iraq's Gold Reserves
Economy Sunday May 9, 2021 | 10:09 am| Views: 63 The World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold in reserves of the precious yellow metal .
In its latest schedule for the month of May 2021, the council said, "Iraq ranked 38th in the world out of 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya ."
He added, "Iraq's possession of gold amounted to 96.3 tons, which represents 8.1% of the rest of its other reserves ."
He added, "The United States of America still ranks first in the largest gold reserves in the world with 8,133 thousand tons, followed by Germany with 3,362 thousand tons, while Suriname comes to the top with 1.5 tons, followed by Yemen with 1.6 tons ."
He pointed out that "the most prominent buyers of gold during this month are Japan, by 80.8 tons, and Hankaria, by 63 tons, and Uzbekistan, 8 tons, while the most prominent sellers were Turkey, by 2.6 tons ."
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world. https://aynaliraqnews.com/index.php?aa=news&id22=147211
A Rise In Central Bank Sales Of Hard Currency
Economie| 01:47 - 05/09/2021 BAGHDAD - Mawazine News The Iraqi Central Bank's hard currency sales, on Sunday, rose again, to record $ 173 million.
The central bank’s sales increased, during its auction for the sale and purchase of foreign currencies today, by 16.11%, to reach 173 million 992 thousand and 311 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar. The purchases amounting to 151 million and 492 thousand dollars 311 went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 22 million and 500 thousand dollars went in cash. https://www.mawazin.net/Details.aspx?jimare=152671
Dollar exchange rates in local markets
Market Economy News _ Baghdad "Economy News" publishes the exchange rates of the dollar in local markets on Sunday. The price of the dollar against the Iraqi dinar Prices of exchange offices:
the selling price of the dollar is 149,000, the purchase price of the dollar 148,000
Number of observations 111 Date added 05/09/2021 https://economy-news.net/content.php?id=25035
Representative Bloc: Dismissal Of The Minister Of Finance Is Excluded ... Supported By Influential Forces!
Political Sunday May 9, 2021 | 02:40 PM| Views: 142 The head of the Bayariq al-Khair parliamentary bloc, MP Muhammad al-Khalidi, ruled on Sunday dismissing the Iraqi Finance Minister, Ali Abdul-Amir Allawi, from his post .
Al-Khalidi said, "There is parliamentary support for the questioning of the Minister of Finance in the coming weeks on various issues, most notably the dollar exchange rate and the current economic crisis, stressing that the minister is supported by influential political forces and his dismissal according to his opinion is not mentioned at the present time ."
Al-Khalidi added, “Regardless of what will lead to questioning the Minister of Finance, whether he remains in his position or dismissed, and this is excluded from our viewpoint. It needs a real government stance in order to aim it towards the treasury tracks and not the pockets of the corrupt .
He pointed out that "the Iraqi financial crisis is a crisis of planning and management, and corruption is rampant in an unprecedented way in its institutions in a manner that threatens the entity of the state, especially since the recent financial crises revealed the large waste of money."
https://aynaliraqnews.com/index.php?aa=news&id22=147235
Parliamentary Energy Submits Proposals To The Ministry Of Electricity
Energy Economy News _ Baghdad On Sunday, the Parliamentary Energy Committee complained about the poor quality of imported gas and the reluctance of the Oil Ministry to extract gas, confirming that it submitted proposals to solve the electricity crisis.
A member of the Parliamentary Oil and Energy Committee, Hammam Al-Tamimi, said in an interview with the Iraqi News Agency, which was followed by "Al-Iktissad News", that "the committee presented many recommendations to the Ministry of Electricity regarding energy production and finding alternatives to gas stations and replacing them with other stations and treating them, especially with the presence of problems with imported gas and its lag Ministry of Oil to extract gas.
Al-Tamimi stressed, "The necessity for there to be a joint responsibility between the Ministry of Oil and Electricity and attention to the energy transmission sector, which has many problems and bottlenecks, to establish transformer stations, and to pay attention to the distribution sector."
He added that "among the proposals presented, is to establish an integrated and modern electricity system, and to ensure that citizens do not override it, as well as to install electronic meters that would solve the problem of rationalizing energy consumption." Number of observations 180 Date added 05/09/2021 https://economy-news.net/content.php?id=25036
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